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Ask an Expert Are large loans still available?

Are large loans still available?

Q: Hi – I’m looking for a loan of around £500,000 on a property of about £700,000 and from what I’ve read in the papers, it’s really difficult to find a mortgage of that size any more. Could you help me?

A:

At that loan to value (LTV) ratio (about 71%) your choice will be limited, as the best deals are available for mortgages that are up to 60% of the value of the property. But there are still several lenders willing to lend loans of £500,000 at an LTV of 71%. They tend not to be high street lenders, though, and a specialist large loan broker will be able to find the right lender for your particular circumstances. Please feel free to call us or e-mail us if you want more specific advice.

These questions are for information purposes only and do not contain all the details you need to choose a mortgage, ask one of our advisers for a personalised key facts illustration
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This Month’s Top Fixed Rate

Fixed rate
Initial rate: 1.35%

Period: 2 years

Rate will revert to a variable rate, currently 4.99% thereafter
The overall cost for comparison is 4.46%

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This Month’s Top Variable Rate

Variable rate
Initial rate: 0.97%

Period: 2 years

Rate will revert to a variable rate, currently 4.99% thereafter
The overall cost for comparison is 4.37%

Get This Rate

Some of this month's top interest rates are listed above; the actual rate will depend on your circumstances. Please note that this information does not contain all the details you need to choose a mortgage, ask one of our advisers for a personalised key facts illustration on 020 7519 4900. The rate displayed may become out of date at short notice.

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